Industry News
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First Smart Lithium Battery Factory inaugurated in Egypt
The company expects an increase in demand for lithium batteries in Egypt and the region driven by the growth of the environmentally friendly transport
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India’s Ashok Leyland to bring electric cars to Egypt
The share of electric vehicles in the Egyptian car fleet is expected to increase from mid-2023.
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Egypt and Scatec sign a MoU for a $450m green methanol plant
The green methanol plant aims to have an annual production capacity of 40,000 tons of green methanol with the aim to be increased to 200,000 tons.
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Oriental Weavers' consolidated profit surges 74% YoY in Q1: Egypt
Founded in 1979 and listed on EGX in 1997, Oriental Weavers has emerged as a producer of machine-woven carpets and rugs.
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First Egypt Fashion Week takes place with more than 70 designers
More than 70 designers are showcasing their collections and many events have taken place inside famous attractions such as the old Egyptian Museum.
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Egypt’s army reveals ability to manufacture powerful weapons locally
The factory is now working to start manufacturing one of the most state-of-the-art artillery systems in the world, the K9 A1 EGY howitzer system.
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Susan Sabet Shares What to Expect from Egypt's First-Ever Fashion Week
The inaugural edition of the Egyptian Fashion Week will kick off at the Egyptian Museum in Cairo on Friday.
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Egypt: Leading textile executive pushes for low-interest loans to save industry
Textile manufacturing is Egypt’s second-largest industry, but it was severely impacted by the pandemic and now the country’s economic downturn.
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French Legrand announces new expansion plans in Egypt, exports 45% of local production
The inauguration ceremony was attended by Benoît Coquart, global company CEO, and Nicolas Hobeilah, Legrand Managing Director in Egypt.
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Egypt starts implementation of silicon production project in New Alamein
As per the feasibility study of the project, the value of the final product from the first phase is estimated to stand at $340 per ton.
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Packaging giant, Sorma Group, celebrates 50th anniversary at Macfrut 2023
Sorma Group highlighted the importance of its relationships for the company’s growth ever since its launch in 1973.
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Egypt's duty-free car import initiative brings in nearly 30% of target
Egypt’s initiative enabling citizens outside the country to import cars free of customs duties and taxes has brought in $713 million in transfers.
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Egypt Approves MoU With Norway To Explore Grid Connection With Europe
Between the Egyptian Electricity Transmission Company (EETC) & the Norwegian Scatec Company, an MoU has been signed.
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Minister of state for military production follows up affiliated ventures
He accentuated the importance of localizing the nuts and bolts of local industry production lines’ components.
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Samsung Electronics Egypt mulls expansion plans in local market
Samsung’s investments in Egypt have reached over $500 million so far.
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EETC, Scatec sign an MoU to explore connecting electricity grid to Europe
The Egyptian Electricity Transmission Company (EETC) and the Norwegian Scatec Company signed an MoU
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Goodyear upbeat about Egypt’s tire market - company official
A young demography and growing demand for premium cars will further boost Africa’s second largest automotive market.
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Egypt approves MoU with Norway to explore connecting electricity grid to Europe
The Egyptian cabinet approved an MoU with Norway, signed in November, to study connecting Egypt’s electricity grid to Europe through Italy.
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Toyota Tsusho is exploring establishing a car factory in Egypt
Toyota Tsusho, a Japanese car maker, announced plans to establish two car factories in Africa, with an annual production capacity of 100k cars each.
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Egypt raises fees for triptik vehicles
The Egyptian Customs Authority has increased the fees of imported cars with a temporary release system, known as triptik vehicles.